Elgi Equipments

Elgi Equipments (Elgi) is India´s second largest air compressor manufacturer with a domestic market share of around 30 per cent and global market share of 1.5 per cent. The company´s portfolio of over 400 products has wide application across industries ranging from mining, transport pharmaceuticals, power, hydrocarbons, ship building, textiles, etc. It has commendably gained a market share in the domestic market, competing with some of the multinational players such as Atlas Copco, Ingersoll Rand, etc. After establishing a strong footprint in the domestic market, Elgi has set its sights on the global market - the size is US$ 13 billion. In the past four to five years, the company has established its presence in different geographies through organic and inorganic routes and aims to grow its global market share further. It is believed that this expansion will bring in positive synergy in a longer run for the company´s operations in India as it would result in increasing the outsourcing opportunity. Elgi Equipments' revenues have grown by a compounded annual growth rate of 8.7 per cent over the past five years.